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Jun 22, 2013
06/13
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applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too many federal agencies carrying out too many agged the d.a.s. third, be a visionary. you have seen firsthand the power of the internet. there's no debate where our current telecommunication laws if they were written in 1992, 1996, or 1934, where consumers can choose from multiple wire lines. none of them did. in fact, all of our laws deserve to be reviewed and brought into our era, reflecting not just today's reality but a allowing for today's advances. i invite you to share your ideas reguaranteing statutory modernization. i know many members have
applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too...
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Jun 22, 2013
06/13
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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70
Jun 22, 2013
06/13
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to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet medications companies, which is partly why you are hearing so much about why they are trying to, in their eyes, protect user privacy. you know, the director talked about this in his testimony from a different point of view. he said the disclosure will drive people away on the u.s. services and that is a damaging thing. i would say that is a damaging thing, but it is the existence of the services and the lack of transparency and oversight that is going to drive people away. we know people have choices out there. this will embolden the competitors, the services that are abroad, it will drive people especially
to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet...
123
123
Jun 22, 2013
06/13
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...